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Downtrend Call Working As Direxion Daily Developed Markets Bear 3X Stock Falls 24.4% (DPK)

By James Quinn

SmarTrend identified a Downtrend for Direxion Daily Developed Markets Bear 3X (NYSE:DPK) on December 13th, 2016 at $23.44. In approximately 4 months, Direxion Daily Developed Markets Bear 3X has returned 24.36% as of today's recent price of $17.73.

Over the past year, Direxion Daily Developed Markets Bear 3Xhas traded in a range of $17.67 to $45.20 and are now at $17.73. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.1% while the 200-day MA has risen 0.3%.

Direxion Daily Developed Markets Bear 3X Shares is an exchange-traded fund incorporated in the USA. The Fund seeks investment results of 300% of the inverse of the price performance of the Developed Market Index. The Fund does not invest in equity securities. The Fund invests in financial instruments that provide leveraged and unleveraged exposure to the Developed Market Index.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Direxion Daily Developed Markets Bear 3X.

Log in and add Direxion Daily Developed Markets Bear 3X (DPK) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights direxion daily developed markets bear 3x

Ticker(s): DPK